FCA Reaches Agreement to Sell Teksid Cast Iron Components Business to Tupy

FCA Reaches Agreement to Sell Teksid Cast Iron Components Business to Tupy
Fiat Chrysler Automobiles N.V. (MTA: FCA / NYSE: FCAU, “FCA”) today announced that it has entered into an agreement with Tupy S.A. for the sale of FCA’s global cast iron automotive
components business, which is operated through FCA’s subsidiary Teksid S.p.A. (“Teksid”).
Tupy is a leading player in the cast iron industry specializing in developing and manufacturing…

highly-engineered structural cast iron components for several applications in capital goods
serving different industries.
The proposed sale includes Teksid’s cast iron production facilities in Brazil, Mexico, Poland
and Portugal, in addition to Teksid’s interest in a joint venture in China. Teksid’s aluminum
business is not included in the transaction and will remain a strategic asset in FCA’s portfolio.
The agreement values the business at €210 million enterprise value. Consideration, subject to
customary purchase price adjustments will be paid at closing expected in the second half of
2020. The proposed transaction is subject to customary closing conditions, including the
receipt of antitrust approvals.
“Tupy has always been a strategic supplier in the cast iron structural components industry.
Together, Teksid and Tupy will continue to develop new technologies to support the continued
success of our products,” said Scott Garberding, FCA’s Global Chief Manufacturing Officer.
“The proposed transaction represents another important step in the implementation of

FCA’s
business plan”.
London, 20 December 2019

This press release contains forward-looking statements. These statements are based on the FCA Group’s current

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